S Korea's LG Energy's $10.8 billion IPO draws record demand from retail investorsSEOUL : South Korean battery maker LG Energy Solution has set a new record for IPO demand with retail investors bidding for shares worth about 114 trillion won ($95.62 billion),adding to the frenzy for a piece of the biggest public offering in the country. The group, which is the world's second-largest manufacturer of so-called probe Italy's Technoprobe aims for market cap of up to 4 billion euros in IPO - sourcesMILAN : Italian microelectronics company Technoprobe aims for a market value of up to 4 billion euros ($4.55 billion) in its initial public offering on the Milan stock exchange, two sources close to the matter said on Tuesday. Morgan Stanley and BofA Securities are global coordinators for the offering, with ABN Amro and Barclays Bank acting as bookrunners.(Reporting by Toby Sterling and Benoit Van Overstraeten Editing by Jason Neely and EMelia Sithole-Matarise) Source: Reuters. The company first announced its intention on Jan 12 to seek a listing on Amsterdam's Euronext stock exchange.It has slightly scaled back ambitions, as it had estimated the primary offer would be around 160 million euros.The company is best known for the WeTransfer file transfer service but it also offers collaborative tools.It reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of 21.3 million euros on revenue of 72 million euros for the first nine months of 2021 and is targeting annual revenue growth above 20per cent in the medium term.
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WeRock, whose name will soon be changed to The Creative Productivity Group NV, published a prospectus and set a price range for the shares being sold at 17.5-20.The group reported revenues of 329.5 euros each, with a mix of existing and new shares on offer.The group expects to raise around 125 million euros in fresh capital from the new shares, while existing shareholders will sell up to 5.Last week, the company priced the offering at top of the indicative marketing range to raise $10.Ĥ million shares, leading to a total offer size of 285-290 million euros and a free float of around 43.8798 euros) (Reporting by Elisa Anzolin editing by Agnieszka Flak) Source: Reuters.5per cent.Proceeds of the primary offering will be used to develop the company's business, finance possible acquisitions, and pay off management incentive plans, as well as settle a 23.4 million bill with its majority owner to convert preference shares into ordinary shares.Current investors include Highland Europe Technology, which holds a 55per cent stake, and HPE Institutional Fund, which has 13per cent.9000 won) (Reporting by Heekyong Yang and Scott Murdoch Editing by Louise Heavens) Source: Reuters. LinkedIn AMSTERDAM : The company that owns the WeTransfer file service will be valued at between 629 million and 716 million euros ($714-813 million) at its initial public offering (IPO) in Amsterdam this month, it said on Thursday.LinkedIn MILAN : Italian microelectronics company Technoprobe aims for a market value of up to 4 billion euros ($4.LinkedIn SEOUL : South Korean battery maker LG Energy Solution has set a new record for IPO demand with retail investors bidding for shares worth about 114 trillion won ($95. WeTransfer owner WeRock seeks $714-813 million valuation in IPOĪMSTERDAM : The company that owns the WeTransfer file service will be valued at between 629 million and 716 million euros ($714-813 million) at its initial public offering (IPO) in Amsterdam this month, it said on Thursday.WeRock, whose name will soon be changed to The Creative Productivity Group NV, publ
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